Commodity Prices

Gold •340 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,211.40	+43.30	+3.71%
WTI Crude •10 mins	64.99	+0.41	+0.63%
Gasoline •10 mins	2.087	+0.010	+0.48%
Ethanol •340 days	2.161	+0.000	+0.00%
Silver •340 days	30.82	+1.16	+3.92%

Silver • 340 days	30.82	+1.16	+3.92%
Copper • 340 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.91	+0.44	+0.66%
Natural Gas • 10 mins	3.725	-0.059	-1.56%
Heating Oil • 10 mins	2.145	+0.020	+0.94%

Headlines

725 days Will The ECB Continue To Hike Rates?
725 days Forbes: Aramco Remains Largest Company In The Middle East
727 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,127 days Could Crypto Overtake Traditional Investment?
1,132 days Americans Still Quitting Jobs At Record Pace
1,134 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,137 days Is The Dollar Too Strong?
1,137 days Big Tech Disappoints Investors on Earnings Calls
1,138 days Fear And Celebration On Twitter as Musk Takes The Reins
1,140 days China Is Quietly Trying To Distance Itself From Russia
1,140 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,144 days Crypto Investors Won Big In 2021
1,144 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,145 days Food Prices Are Skyrocketing As Putin’s War Persists
1,147 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,148 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,151 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,152 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,152 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,154 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

EUR/USD - Persistent Selling Pressures Underway

By - Aug 25, 2014, 6:51 AM CDT

EUR/USD continues to move lower. The recent new lows confirm persistent selling pressures. The short-term technical structure is negative as long as prices remain below the hourly resistance at 1.3297 (22/08/2014 high). Another resistance stands at 1.3336 (12/08/2014 low).

In the longer term, EUR/USD is in a succession of lower highs and lower lows since May 2014. The downside risk given by 1.3210 (second leg lower after the rebound from 1.3503 to 1.3700) has been met. Monitor the key support at 1.3105 (06/09/2013 low) given the general oversold conditions. A key resistance lies at 1.3444 (28/07/2014 high).

Daily Technical Report